The Specter of Protectionism: World Faces New Wave of Currency Wars
2:31pm GMT, Tuesday, 5 October 2010
An American bill imposing punitive tarifs on countries that undervalue their currencies is set to unleash a new trade war between the US and China. But in fact the whole global currency system is in a state of jeopardy. As confidence in the dollar drops, private investors are putting their faith in gold. By SPIEGEL Staff.
SPIEGEL ONLINE - International
